The winning EPCs of the Lake Sevan project proposed a US$0.0419/kWh tariff (Credit: Flickr / Arian Zwegers)
The European Bank for Reconstruction and Development (EBRD) will be among those backing what has been billed as Armenia’s first large-scale PV power plant.
A 55MW farm slated for construction in the Masrik municipality (Gegharkunik province, east Armenia) could raise as much as US$41 million from the institution and the World Bank’s development arm IFC.
According to the EBRD, the long-term debt package will include grants from the EU Neighbourhood Investment Platform, which supports sustainable development across the bloc’s partner countries.
The plant, predicted to cost US$57 million overall, will be built by the Netherlands’ Fotowatio Renewable Ventures (FRV) B.V and Spain’s FSL Solar S.L. The project will benefit from AMD 885.9 million (US$1.85 million) worth of import VAT adjournments, the government decided recently.
The project’s impacts on the neighbouring Lake Sevan – at 1,242 km2, the Caucasus’ largest – are being reviewed. The “comprehensive biodiversity assessment” is due to end in June 2019, the EBRD explained.
The FRV-FSL consortium were chosen to build Armenia’s 55MW flagship solar project through a competitive tender, launched in 2017 and completed one year later. The winning duo proposed tariffs of US$0.0419/kWh, the lowest of all bidders.
In this TechTalk Product Series you will gain a comprehensive introduction to the RainWise modular ‘PVmet 500’ solar monitoring weather station system and understand how cost-effective solar monitoring weather stations meet the needs of the rapidly changing PV power plant sector. Also, learn why PVmet 500 data is vital for plant safety, and maintenance to ensure plant efficiency and minimize revenue losses throughout the lifetime of the PV power plant.
Understand fully the technical and logistical supply chains that determine the production and performance of solar modules, including all related factors impacting quality, reliability & bankability.